Soudan, MN Foreclosures
How much do homes sell for in Soudan, MN?
The average home price is currently $151,643.
What’s the average rental cost in Soudan, MN?
The average rental price in Soudan is $1,109.
What is the most expensive home in Soudan?
The most expensive home sold in Soudan had a price of $799,000.
What is currently the cheapest priced home in Soudan, MN?
The cheapest home for sale in Soudan is priced at $15,107.
Living in Soudan, MN
Soudan, MN, is a charming small town that offers picturesque views and a range of outdoor activities thanks to its location near Lake Vermilion. With a close-knit community vibe and good educational options, it's an inviting place for families and individuals looking for a serene living environment.
Current Market Conditions in Soudan, MN
The real estate market in Soudan has shown stable growth over the past year, with an increase in demand for homes due to the town's appealing recreational opportunities and community spirit. The inventory of homes has remained relatively low, leading to competitive pricing among potential buyers.
Local real estate trends indicate an upward trajectory as more individuals seek out the charm of small-town living combined with access to breathtaking natural resources. As such, property values are on the rise, making it an attractive investment area.
Home Value Estimator For Soudan, MN
There are currently 230 real estate properties
in Soudan, MN,
with a median automated valuation model (AVM) price
of $132,648.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Soudan, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Soudan, MN,
is $151,643.00, with the most expensive house
in Soudan, MN, topping out
at $799,000.00 and the cheapest home
in Soudan, MN,
clocking in at $15,107.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Soudan, MN!
Rent Prices
In Soudan, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Soudan, MN, is on
a rollercoaster ride. The
average rent price in Soudan, MN,
is $1,109.00. Indeed, when looking to rent in
Soudan, MN, you can expect to pay as little
as $570.00 or as much
as $2,340.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Soudan, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
